Privatisation of French lottery operator Francaise des Jeux hailed a success

French gaming monopoly Francaise des Jeux has been privatisedCredit: Daniel Berehulak

The privatisation of French national lottery operator and state gaming monopoly Francaise des Jeux (FDJ) has been hailed a success, although it may not spark a revolution in the country's gambling industry.

The French government is expected to net around €2 billion from the initial public offering (IPO), with shares in FDJ traded for the first time on Thursday.

FDJ's chairwoman and chief executive Stephane Pallez said the IPO was a "tremendous success, with individuals as well as domestic and international institutional investors".

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Bill BarberIndustry editor

Tom WardRacing Post Reporter

Published on 25 November 2019inFeatures

Last updated 14:21, 25 November 2019

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